Success Story
| Region/Nation | North West |
|---|---|
| Sector | Specialist Engineering, Infrastructure |
| Programme | Debt Funds |
| Partner |
Formed in 1993, Eurotek’s headquarters are in Elland, West Yorkshire. Eurotek provides foundry additives, which help to prevent casting defects, and its product range covers most of the major additives required to form castings that foundries need. The company also provides technical services to enhance its product offering.
Finance from Frontier Development Capital was used to buy out the existing shareholders who wanted to exit the business after many years of successful operations and growth. Eurotek now intends to pursue further growth and expand the business in the future, adding products and further regional diversification, following the recent expansion of its supply network across Germany, Poland and Sweden.
Tags related to this content:
More success stories
Read a success story about Câr-y-Môr
Câr-y-Môr is the first community-owned regenerative ocean farm in Wales. With a diverse membership of over 300 individuals from various backgrounds, Câr-y-Môr has become a shining example of community-driven sustainability and innovation.
Read a success story about Salesfire
Salesfire – a Middlesbrough company whose platform helps e-commerce stores to increase sales - has raised a further £2.75m from NPIF II – Mercia Equity Finance, which is managed by Mercia Ventures as part of the Northern Powerhouse Investment Fund II (NPIF II).
Read a success story about Claro Hill Vets
A North Yorkshire-based veterinary practice has secured £90,000 from NPIF II – BEF, which is managed by Business Enterprise Fund (BEF) as part of the Northern Powerhouse Investment Fund II (NPIF II). The funding also came from BEF’s Community Investment Enterprise Fund 2 (CIEF2) backed by Lloyds Bank and Better Society Capital.